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Join the Securities Litigation and Enforcement Group on LinkedInElizabeth Holmes gets prison term shortened by 2 years
Disgraced Theranos CEO Elizabeth Holmes’s prison sentence has been slashed by two years, according to updated Bureau of Prisons records According to Holmes’ inmate information on the Bureau of Prisons’ website, the 39-year-old mother of two will be released on Dec. 29, 2032 — nine years, six months and 29 days after she checked into […]
The First Step Act Shortens Federal Prison Sentences, Including Elizabeth Holmes’ | Compliance and Enforcement
Breaking down the numbers, Ms. Holmes’ 135-months will be reduced by 20 months for Good Conduct time. She could then receive 24 months off through the combination of First Step Act and RDAP credits, assuming she qualifies for RDAP. Additional home confinement credits under the First Step Act, 20 months (595 days), and Second Chance […]
Theranos Founder Elizabeth Holmes Is Expected to Enter Prison Tuesday – WSJ
Theranos founder Elizabeth Holmes is expected to report to prison on Tuesday to start her 11-year sentence for defrauding investors, marking a closing chapter in the downfall of one of Silicon Valley’s most prominent entrepreneurs after revelations about the company’s unreliable blood-testing technology. Source: Theranos Founder Elizabeth Holmes Is Expected to Enter Prison Tuesday – […]
Theranos founder Elizabeth Holmes to report to prison in two weeks | Reuters
Theranos founder Elizabeth Holmes will begin serving her prison sentence on May 30 for defrauding investors in the failed blood-testing startup once valued at $9 billion. U.S. District Judge Edward Davila set the date on Wednesday for Holmes, 39, to begin serving 11 years and three months in prison. Source: Theranos founder Elizabeth Holmes to […]
Elizabeth Holmes loses bid to avoid prison, must pay $452 million
Disgraced Theranos CEO Elizabeth Holmes appears to be soon bound for prison after an appeals court Tuesday rejected her bid to remain free while she tries to overturn her conviction in a blood-testing hoax that brought her fleeting fame and fortune. In another ruling issued late Tuesday, U.S. District Judge Edward Davila ordered Holmes to pay $452 […]
Elizabeth Holmes Opens Up About Her Theranos Trial and What Comes Next – The New York Times
Ms. Holmes has not spoken to the media since 2016, when her legal team advised she go quiet. And, as the adage goes, if you don’t feed the press, we feed on you. In Elizabeth Holmes, we found an all-you-can-eat buffet. It had everything: The black turtlenecks, the Kabuki red lipstick, the green juices, the […]
Former Theranos COO ‘Sunny’ Balwani surrenders to federal prison
Elizabeth Holmes’ co-defendant and former chief operating officer of collapsed Silicon Valley startup, Theranos, surrendered himself to federal prison on Friday. Ramesh “Sunny” Balwani, 57, was sentenced to 155 months behind bars for a dozen wire fraud and conspiracy convictions tied to his role in the once high-flying blood-testing venture founded by Holmes. Balwani began […]
Elizabeth Holmes launches appeal of ‘unjust’ conviction in Theranos fraud case
Elizabeth Holmes, founder of the blood-testing lab Theranos, has filed an appeal of her January 2022 conviction on four counts of fraud in connection with her time as chief executive of the company. In a 132-page filing Monday, Holmes and her lawyers argue the federal prosecutor’s case against her “parroted the public narrative” that she […]
Theranos fraudster Elizabeth Holmes must begin prison stint during appeal
“Contrary to her suggestion that accuracy and reliability were central issues to her convictions, Ms. Holmes’ misrepresentations to Theranos investors involved more than just whether Theranos technology ‘work[ed] as promised.’” Davila wrote. Davila’s ruling capped a lengthy dispute between the feds and Holmes’ legal team, which had argued she should remain free because her appeal […]
Elizabeth Holmes Loses Bid to Remain Free During Appeal – Bloomberg
Elizabeth Holmes must report to prison as scheduled later this month, a judge ruled, rejecting her request to remain free on bail as she appeals her fraud conviction. The decision Monday by US District Judge Edward Davila in San Jose, California, is likely his last in the case which he’s handled since Holmes was indicted […]